PUTTEN, The Netherlands and CUPERTINO, Calif., Oct. 10, 2007 (PRIME NEWSWIRE) -- Cordys, provider of an industry-leading Business Process Management Suite (BPMS), and NetManage, Inc. (Nasdaq:NETM), a software company that provides the fastest way to transform legacy applications into new Web-based business solutions, last week announced their partnership at Cordial, Cordys' annual customer and partner event. This global partnership will open up joint revenue opportunities across North America, India and Europe.
"Our solutions help customers to access, integrate and Web-enable their existing legacy systems and packaged applications like SAP," said Cheli Aflalo-Karpel, VP Operations EMEA of NetManage. "Composing flexible business processes, while re-using the functionality in their existing systems is of great value to our joint customers. They will benefit the most from this partnership."
NetManage transforms legacy applications into new Web-based solutions by exposing critical business functions as services. Cordys' BPMS solution then allows for these services to be composed into executable business process flows. Both companies are currently engaged in several joint sales opportunities.
"We are very pleased to announce this global partnership with NetManage," said Erik Frieberg, Chief Marketing Officer for Cordys. "The addition of NetManage capabilities to the Cordys product suite will enable a whole new class of enterprise systems to be exposed as services and incorporated into new business processes and composite applications."
About Cordys
Cordys provides an industry-leading Business Process Management Suite (BPMS) to Global 2000 companies. Cordys' unique SOA-based solution enables customers to design, execute, monitor and improve business processes more rapidly, with better performance, and with greater adaptability than any other available solution. Companies from major industries worldwide have selected Cordys to support business performance improvement because business executives can continually optimize IT systems in real-time within a code-free environment. Headquartered in the Netherlands, Cordys is a global company with offices throughout the Americas, Europe, China and India.
About NetManage
NetManage, Inc. (Nasdaq:NETM) is a software company that provides the fastest way to transform legacy applications into new Web-based business solutions. More than 10,000 customers worldwide, including a majority of the Fortune 500, have chosen NetManage for mission critical application integration. For more information, visit www.netmanage.com.
NetManage, the NetManage logo, the lizard-in-the-box logo, Incremental SOA, OnWeb, Librados, RUMBA, ONESTEP, ViewNow, SupportNow, Chameleon and Chameleon design, are either trademarks or registered trademarks of NetManage, Inc. in the United States and/or other countries. All other trademarks are the property of their respective owners.
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This press release contains, in addition to historical information, forward-looking statements that involve risks and uncertainties, including statements regarding improvement in the Company's competitive position, improvement in financial results and business pipeline, the Company's positioning in its market, and the progress and benefits of the Company's execution on its business plan. The Company's actual results could differ materially from the results discussed in the forward-looking statements. The factors that could cause or contribute to such differences include, among others, that competitive pressures continue to increase, that the markets for the Company's products could grow more slowly than the Company or market analysts believe, that the Company is unable to integrate or take advantage of its acquisitions successfully, or that the Company will not be able to take advantage of growth in the Company's target markets. Additional information on these and other risk factors that could affect the Company's financial results is included in the Company's Annual Report on Form 10-K, Forms 10-Q, Forms 8-K and other documents filed with the Securities and Exchange Commission.